US Foods has signed a new 12-year lease at River Corporate Center in Tempe, Ariz., the Phoenix Business Journal reports.
Terms of the deal were not disclosed. US Foods will lease 133,225 s.f. at the center located at 8075 S. River Pkwy. in the Arizona State University Research Park.
The Rosemont, Ill.-based food distributor will use the entire building and will have the option to expand the premises up to an additional 60,000 s.f., the Journal reports.
“We are extremely pleased to welcome US Foods to our portfolio of tenants,” Joe Pangburn, a SVP at Piedmont Office Realty Trust Inc., told the Journal. “Completing a new lease of this size speaks to the desirable attributes of the property and the ASU Research Park, while demonstrating a sign of resurgence in the Phoenix office market as well.”
The building is owned by Atlanta-based Piedmont